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<p>[QUOTE=&quot;InfleXion, post: 1691144, member: 29012&quot;]Sorry Jim, but this is simply incorrect. The strength of the dollar has very little to do with the price of gold which is driven primarily by buying and selling of paper contracts. I don&#039;t understand why you know so much about the COMEX yet still reinforce this false line of thinking. The strength of the dollar is measured by the dollar index which is roughly 60% weighted in the Euro. All that tells you is how it&#039;s trading with other currencies, not how strong it actually is (buying power), which in the past would have been able to be gauged by the gold price, but is not the case today with contracts moving the price instead.</p><p><br /></p><p>Also, gold being a commodity is only 1/3 of the story. First it was an element. Second it was money. The commodity designation is tertiary and only carries more weight than the others because we have allowed the price discovery mechanism to be hijacked.[/QUOTE]</p><p><br /></p>

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